Cryptocurrency: Strong boom in the crypto market after stock market, strong rise in bitcoin

Posted on 18th Jul 2022 06:25 pm by rohit kumar

Bitcoin Jumps High: The brakes have been put on the continuous decline in bitcoin. Bitcoin is trading at a one-month high of $22,000 on improving international market sentiment and investor buying. This is the first time since June 8, 2022, that bitcoin is trading at this level. Currently, bitcoin is trading at $ 22,418 with a jump of 8 percent. While Ethereum is trading at a five-week high of $1,487 with a jump of 11 percent.

 

Other cryptocurrencies are also seeing a rise in Monday's trading session. Avalanche and Polygon are trading with double-digit momentum. After a big drop in June, the month of July has brought relief for crypto investors. Due to the rise in all cryptocurrencies, the crypto market volume is trading above $75 billion with an increase of about 12 percent in the last 24 hours. Stock markets around the world are booming. Asian, to European stock markets, are trading in the green mark, due to which the cryptocurrency market is also seeing a boom.

 

Ether has gained 45 percent in July, so Polygon has doubled from its level. However, whether it is the stock market around the world or the crypto market, all eyes are on the Federal Reserve after the US inflation data reached the highest level in 41 years. It is believed that the Federal Reserve can make interest rates expensive by one percent. Due to this fear, investors are selling the stock market and cryptocurrencies.

 

Also Read: Income Tax Return 2022: Keep this in mind while filing an income tax return, otherwise there may be a big loss

Other news

Severe cold in North India: dense fog in Delhi; More than 100 flights canceled on Wednesday

Winter is increasing in the country. Alam is that Delhi has become colder than Nainital. Accordin

Shah Rukh Khan and Y+: The Maharashtra government increased the security of 'Jawan' Shah Rukh, he was receiving death threats.

Shah Rukh Khan Gets Y+ Security: The year 2023 has been very good for Bollywood's King Shah Rukh

President Droupadi Murmu: President Murmu inaugurated the warship INS Vindhyagiri, the strength of the Navy will increase

President Droupadi Murmu on Thursday inaugurated the modern warship INS Vindhyagiri (P17A). Presi

PM Modi In Durg: Congress did not even leave the name of Mahadev, PM Modi targeted the state government over the app scam.

Given the Chhattisgarh Assembly elections, Prime Minister Narendra Modi is visiting Durg today. D

Ricky Ponting wants to see these two out of Dinesh Karthik, Sanju Samson, Rishabh Pant, and Ishaan Kishan playing in the T20 World Cup

The ICC T20 World Cup is to be played in Australia in October-November this year. All the teams h

Elvish's Yadav 'System': Now problems for close ones will increase! The name of this singer is at the top; Many people on police radar

YouTuber Elvish Yadav, who was in jail for supplying snake venom at a rave party, was shifted to

Demand for Lakshmi-Ganesh's photo on Indian currency: Whose picture will be printed on the note, who decides after all?

Delhi Chief Minister Arvind Kejriwal has demanded from PM Modi that along with Gandhiji, the pict

Maharashtra Politics: 'Union minister's offer to Sharad Pawar, NCP president said - Ajit is our leader...', what game is the Pawar family playing?

Maharashtra Politics Once again there is a stir in the politics of Maharashtra. After Ajit Pawar'

Fighter Teaser Out: Hrithik Roshan and Deepika Padukone's 'Fighter' teaser released, aerial action will take your breath away

Fighter Teaser Released: Hrithik Roshan's Fighter is moving towards its release. The makers have

Ramlalla Pran Pratishtha: PM Modi started a special ritual of 11 days, remembering his mother and said this in the audio message

Prime Minister Narendra Modi released an audio message on X (formerly Twitter) ahead of the conse